Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Well-Maintained Duplex in Gladstone, OR Title is generated by Realmo AI

    441 W GLOUCESTER St, Gladstone, OR 97027

    View on Map
    Claim this Listing
    For Sale
    $600,000

    MULTI_FAMILY - Gladstone, OR

    Property size:
    2,240 SF
    Lot size:
    0.19 Acres
    Price / SF:
    $267/SF
    Added:
    Nov 19, 2025
    Days on Market:
    199
    Last Refresh:
    Jun 6 at 1:06 am

    Property Features for 441 W GLOUCESTER St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    MR
    Bedrooms
    6
    Bathrooms
    4
    Rooms
    Bedroom 5, Bedroom 4, Bathroom 4, Bedroom 3, Bathroom 2, Bathroom 3, Bathroom 1, Bedroom 6, Bedroom 2, Bedroom 1
    Standard status
    Active
    APN
    00528003
    Size
    2,240 SF
    Lot size
    0.19 Acres

    Taxes and HOA fees

    Tax Description
    137 APPERSONS ADD GLADSTONE LT 7 PT LT 6
    Tax Annual Amount
    5934

    Utilities

    Heating system
    Forced Air

    Building Details

    Year built
    1973
    Floors in Building
    1
    Number of units
    2
    Roof type
    Composition

    We can help!

    Listing Contact
    Nick Shivers

    Listing agent Nick Shivers License #200209063

    Listing office eXp Realty, LLC 4800 Meadows Rd Ste 300, Salem, OR

    Listing date Nov 19, 2025

    MLS# 722649627 Listing URL

    Copyright © 2026 Regional Multiple Listing Services. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Duplex built in 1973 with forced‑air heating and a composition roof
    • Each unit offers 3 bedrooms and 2 bathrooms, for a total of 6 bedrooms and 4 bathrooms
    • 1,120 sq ft living space per unit, with a large living room and cozy wood stove
    • Each unit includes an attached 1‑car garage and a kitchen with dishwasher, range, and refrigerator
    • Sliding doors lead to a private patio from the dining area, plus pantry/closet storage
    • In‑unit laundry space and primary bedroom with its own private bath

    Overview

    This well-maintained duplex presents a fantastic income opportunity, offering the flexibility to rent out both units for strong cash flow or live in one and rent out the other to offset your mortgage. Each unit features 3 bedrooms, 2 baths, and an attached 1-car garage, providing 1,120 square feet of living space. The layout includes a large living room with a wood stove, a kitchen equipped with a dishwasher, range, and refrigerator, and a dining area with pantry/closet storage and sliding doors to a private patio. The primary bedroom includes a private bath, while two additional bedrooms, a full guest bath, and in-unit laundry space enhance convenience. Situated on a 0.19-acre lot in a desirable area with good walk and bike scores, the property is located minutes from dining, shopping, schools, and parks with walking and biking paths. Commuters benefit from quick access to 99E. The property is zoned MR. This duplex is suitable for investors or those seeking a home with built-in income.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Gym & Fitness Center Building Supply Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Gladstone
    County
    Clackamas
    State
    Oregon
    Longitude
    -122.601726
    Latitude
    45.379878

    Nearby Similar for Sale

    • $3,750,000
      9,940 SF

      Two-Story Office Building in Gladstone

      9,940 SF office building with I-205 access.
      735 E Clarendon St, Gladstone, OR 97027
      View Details
    • Contact for pricing

      Auto Shop with Commercial House

      Auto shop and commercially zoned house on 7,000 SF lot.
      105 E Arlington Street, Gladstone, OR 97027
      View Details

    FAQs

    What type of property is this?
    Duplex - Income opportunity: spacious duplex with garages, near amenities and transit.
    Where is this duplex located?
    The property is located at 441 W GLOUCESTER St Gladstone, OR.
    What is the asking price?
    The asking price for this property is $600,000.
    What are key features of this property?
    This property features: Duplex built in 1973 with forced‑air heating and a composition roof; Each unit offers 3 bedrooms and 2 bathrooms, for a total of 6 bedrooms and 4 bathrooms; 1,120 sq ft living space per unit, with a large living room and cozy wood stove
    (503) 389-0821
    We can help!
    Listing Contact
    Nick Shivers
    Real Estate License ID: 200209063
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    441 W GLOUCESTER St, Gladstone, OR 97027
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!